Pass Through MBS Instrument
From Open Risk Manual
Definition
Pass Through MBS Instrument. A security in which the cash flows from the underlying asset pool are passed through to the investor by way of redemption payments. A servicing intermediary collects the monthly payments from issuers, and, after deducting a fee, remits or passes them through to the holders of the pass-through security.
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
Facts about "Pass Through MBS Instrument"
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